Hedge fund veterans stage a comeback

Monday 6 August 2001 at 16:00

Veterans of the defunct hedge funds Tiger Management and Long-Term Capital Management (LTCM) are returning to the industry to take advantage of the current mania for alternative investments.

At the same time, George Soros, who made $1bn (€1.14bn) by betting against sterling in 1992, is preparing to capitalise on the flood of money into the sector.